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Real Asset Acquisition Corp. Announces Pricing of $150 Million Initial Public Offering
Globenewswireยท2025-04-28 21:07

Group 1 - Real Asset Acquisition Corp. has priced its initial public offering (IPO) at $10.00 per unit, with a total of 15,000,000 units being offered [1] - The units will be listed on Nasdaq under the ticker symbol "RAAQU" starting April 29, 2025, and the offering is expected to close on April 30, 2025 [1] - Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable at $11.50 per share [1] Group 2 - Real Asset Acquisition Corp. is a blank check company aimed at merging or acquiring businesses, particularly in quantum computing, metals/mining, rare earth, and infrastructure sectors [2] - The company has granted underwriters a 45-day option to purchase an additional 2,250,000 units to cover over-allotments [3] Group 3 - A registration statement for the securities was declared effective by the U.S. Securities and Exchange Commission on April 28, 2025 [4] - The offering is being conducted solely through a prospectus, which can be obtained from Cohen & Company Capital Markets [5]